Nebraska man pleads guilty to $3.5 million cryptojacking scheme
ID: a932cee5-ad03-5523-a6d7-c367507c6e7e
STIX ID: report--a932cee5-ad03-5523-a6d7-c367507c6e7e
Feed Name: Bleeping Computer
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Charles O. Parks III pleaded guilty to operating a large-scale cryptojacking scheme from Jan–Aug 2021 in which he used aliases and shell entities to spin up tens of thousands of cloud GPU instances (avoiding approximately $3.5M in charges) to mine ETH, LTC, and XMR (approximately $970k mined), then laundered proceeds through crypto exchanges, an NFT marketplace, payment services, and bank accounts; he faces federal prosecution and up to 20 years in prison.
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